More direct cash handouts? What to expect from global monetary policy

The disruption to the global economy from the worldwide spread of the coronavirus is the biggest shock to the world since the Second World War.

It is hard to remember that it was only in early January that the outlook for the global economy in 2020 was looking rosier than it had been for all the previous year. Global manufacturing indicators were finally tracking higher after months of weakness, the US and China signed phase one of their trade pact and part one (of many) Brexit talks had been finalised. However, these developments are irrelevant (for now) as the world scrambles to deal with a severe global health emergency.   Troy AM CIO Lyon: Expect lower returns, higher volatility this decade We expect that global eco...